FOUNDATION FOR A SUSTAINABLE SOCIETY, INC. (FSSI)
Unit E, 46 Samar Avenue corner Eugenio Lopez Street South Triangle, Quezon City
Program Title: MICROFINANCE ECO-ENTERPRISE PROGRAM (MEEP)
Program Objectives:
– To assist community finance institutions (CFIs) set up windows of financing schemes for the entrepreneurial poor and micro-enterprises entering and participating in eco-enterprise ventures;
– To create CFI models that are community oriented, economically viable and integrate ecological concerns in their operation;
– To increase the participation of the entrepreneurial poor and micro-enterprises in the Sustainable Waste Management Sector, Coco Coir Sub-Sectors and other Eco-Enterprises through microfinance.
Eligible Borrowers:
– Non-government Organizations (NGOs)
– People’s Organizations (POs)
– Primary Cooperatives and Coop-Federations
– Rural Banks and Cooperative Banks
Financial Products and Services:
– Loan (Term Loan, Credit Line)
– Guarantee
– Developmental Deposit
– Equity/Joint Venture
Terms/Requirements:
Amount: Minimum of P500 Thousand
(Maximum of P5.0 Million for first-time borrowers)
Interest Rate:
Loan: prevailing 90-day TBill rate + (5 – Project’s EEI rating) + Service Fee + VAT
Deposit: Negotiated rate (floor rate is 90-day TBill rate)
Maturity / Repayment:
Loan: Maximum of Three years; monthly, quarterly or semi-annual payment of principal and interest
Deposit: One year term; monthly, quarterly or semi-annual payment of interest
Security (any or combination of the following):
– Real Estate Mortgage
– Deed of Assignment of Receivables or Deposit
– Joint and Several Suretyship (JSS) Agreement
Contact Details:
Ms. Ann Marie Torres
Program Manager
Phone/Fax: (632) 928.8671 local 24
E-mail: atorres@fssi.com.ph
URL: www.fssi.com.ph
Mr. Amado Reclusado, Jr.
Project Officer
Phone/Fax: (632) 928.8671 local 22
E-mail: areclusado@fssi.com.ph
URL: www.fssi.com.ph
– Project EEI Rating: Eco-Enterprise Index (EEI) Rating from Project Appraisal (Lowest Rating is 1; Highest Rating is 5) *EEI: based on the triple bottomline criteria of FSSI, (1) Economic Viability, (2) Social Equity or Community Participation, and (3) Ecological Soundness
